Saturday, May 8, 2021

Arsenal owner Stan Kroenke will not entertain any offers for the club


Arsenal owner Kroenke Sports & Entertainment (KSE) insists that they have no intention of selling the Premier League club. This comes after Spotify owner and long-life Gooner Daniel Ek revealed his interest in buying the club.

The ownership of the Kroenke family came under massive scrutiny after the club made an attempt in the breakaway European Super League. The proposed league ultimately collapsed after receiving immense backlash from fans people around the continent.

Arsenal fans expressed their anger by protesting against Stan Kroenke and his son Josh before last week’s home Premier League game against Everton, which they lost 1-0. The loss left the club languishing 10th in the table, with only five games remaining. More protests against the owners are due to take place in the Emirates this weekend.

The Gunners are next in action in midweek to take on Villarreal in the first-leg of their Europa League semi-final. They travel to Spain for the first leg before playing host a week after. Winning the Europa League is the club’s only remaining chance of securing Champions League football next season. And a chance to make up for what has been a terrible season for them.

Arsenal fans protest
Arsenal fans protesting against Kroenke. Photo: BBC UK

Ek’s firm interest in Arsenal:

Following the unrest among the fanbase after Arsenal’s attempt to join the Super League, Spotify owner Daniel Ek tweeted showing interest in buying the club he supported since he was a child.

At first glance, it looked like a fan who is just concerned about the current state of the club. But this week, according to multiple reports, Ek is preparing a bid to buy Arsenal with assistance from club legends Thierry Henry, Dennis Bergkamp, and Patrick Vieira. As a result, reports say that the approach by Ek is ‘serious’ and he sees himself as the solution to the problems in the Emirates.

The 38-year-old Swedish entrepreneur is the co-founder of music streaming platform Spotify, with recent estimates suggesting his net worth at £3.1 billion.

The most recent Forbes evaluation says that the club value is around £2 billion. And the reported bid from Ek will be around that figure if he makes it.

Ek showing his interest in buying Arsenal

Kroenke 100% committed with Arsenal:

Ek’s any potential deal to buy Arsenal looks to have been scuppered by a staunch response by KSE. Stan and Josh Kroenke recently released a short statement making clear they have no intentions of selling Arsenal and any such approach will not be considered.

In a joint statement given to Bloomberg (via the Athletic), the American owners insisted that they 100% committed to the club. And that they are ready to win trophies with the club. They said:

“In recent days, we have noted media speculation regarding a potential takeover bid for Arsenal Football Club. We remain 100% committed to the club. And we are not selling any stake in the club. We have not received any offer and we will not entertain any offer.

Our ambition for Arsenal remains to compete to win the biggest trophies in the game. And our focus remains on improving our competitiveness on the pitch to achieve this.”


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